Friendly Village To Remain Mobile Home Park Affordable
Friendly Village mobile home park will remain both a park and affordable for its residents following King County Housing Authoritys recent purchase of the community.
The age 55-plus, 40-acre park at 18425 N.E. 95th St. in Redmond was put on the market several months back, before the Housing Authority purchased it.
The Housing Authority took over operations of the park on Nov. 1
Rhonda Rosenberg is the director of communications for the Housing Authority, and said the prior owners wanted to preserve the property as a mobile home park.
What were really delighted about is that they wanted to maintain it as a mobile home park for the people that were there instead of selling to a private developer, she said.
The Housing Authority paid $25 million for the park, which consists of 224 mobile home pads, putting the price of each pad at roughly $111,000.
Residents own their homes, but pay on average only $782 a month for a space in the park. Thats far lower than rent elsewhere in Redmond and Puget Sound.
Rosenberg said if a private developer had bought it, even one that would keep it as a park, rent prices would have likely ballooned. This presents a problem for the seniors who live there, many of whom are on fixed incomes.
We dont have a profit motive, like a for-profit private developer, Rosenberg said.
Long-time resident of the park Arthur Ingalls echoed those thoughts.
Theyd have two or three hundred senior citizens on their hands, Ingalls said.
Why Live At Friendly Village Of Greeley
Welcome to Friendly Village of Greeley, a unique manufactured home community designed for the convenience of our residents. Our experienced and professional management staff handles the day-to-day responsibilities of the community, so you can enjoy the beautifully landscaped grounds and contemporary amenities planned with your family in mind. Located just 2 miles from Downtown Greeley, our community sits inside of a great school district. Around your home, there are many things to do such as shopping at Walmart, Target, and Home Depot, as well as dining out at favorite local restaurants like Pellegrini Ristorante and Cancun Mexican Grill. Nearby, there are fun activities and attractions such as Colorado Model Railroad Museum, 1908 Speakeasy, and Moxi Theater for friends and family to enjoy. In the city, there is local transportation such as buses for your convenience of getting around. Also bring your furry family members with you because we are a pet-friendly community. Let us help you make your dream of home ownership a reality within our community!
Loopnet Multifamily For Sale
31 Families Awarded $34 Million in Punitive Damages
Tue, Nov 27, 2018
A jury decided today that the owners of Friendly Village Mobile Home Park in North Long Beach should pay out $34 million in punitive damages, in addition to $5.5 million awarded last week, to residents of the park who sued over decaying conditions that included methane gas leaks and continually sinking ground.
The jury awarded the punitive damages for negligence, unfair business practices, retaliatory eviction and financial elder abuse. Lead attorney Brian Kabateck said the residents lived in squalor at the property that was once a trash dump for the city of Long Beach.
This is an outstanding outcome,â Kabateck said Tuesday. âWhat we really hoped for is that justice would be done.
He said this case, which involves 31 families, is the first suit. The law firm plans to file another lawsuit on behalf of 120 families who live in the 182-unit park, which is just south of Davenport Park on Paramount Boulevard.
Kabateck said the bulk of the judgment was against Kort & Scott, which own a number of mobile home parks across the state.
Friendly Village GP LLC Files Chapter 7 Bankruptcy
Sun, Oct 21, 2018 â
The LP Debtors General Partner , Friendly Village GP, LLC, a California Limited Liability Company filed for protection under Chapter 7 of the United States Bankruptcy Code in the Bankruptcy Court on Sunday, October 21, 2018. Case Number: 8:18-bk-138642018-12-03 LoopNet Sale Notes
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Friendly Village Mobile Home Park
- Address: 5450 North Paramount Boulevard, Long Beach, California90805
- County: Los Angeles
- 2022 Space Rent: $1,300 to $1,500
- Purchased: Mar 2021, Amount: $11,000,000
- New Owner: Affordable Communities Inc
- DBA: ACI Friendly Village Inc
- DBA Filing: Nov 2020
How To Reserve A City Facility
To reserve a City park for a private event, please complete the appropriate reservation form and return it to City Hall. At this time, all payments must be made in-person at City Hall. If you intend to serve alcohol at your event, you MUST submit the alcoholic beverage service application in addition to the reservation form. Please note that alcoholic beverage service requires City Council approval.
City Council meets on the first Tuesday of each month. If you would like your application to be considered at next meeting, please submit your reservation packet no later than May 25th.
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+ Active Living In Simi Valley California
Whether you choose to be active or enjoy the restful ambiance of Simi Valley, there is something for everyone at Friendly Village Simi. Breathe in the stunning natural beauty of coastal California. We take pride in our wide selection of fantastic amenities and activities galore, so you can stay as busy or relaxed as you like.
- Head to our spacious clubhouse and spend time with your new neighbors
- Take a refreshing dip in our heated swimming pool with sundeck
- Relish the ultimate relaxation experience with our jetted hot tub and sauna
- Get in shape! We have everything you need at our fully-equipped exercise room
- Pick up new hobbies or rekindle old ones with numerous recreational opportunities: billiards, bingo, miniature golf, nearby golf, and more!
- Hoping to bring along your favorite companion? No problem! Friendly Village is a pet-friendly community with an on-site pet area
Residents at Friendly Village take advantage of living in the best of both worlds enjoy the small town charm of Simi Valley, yet reap the benefits of nearby urban attractions and opportunities. Get in touch with nature at Simi Valleys multiple reserves and wildlife refuges. Looking for a change of scenery? With easy access to the highway, in a matter of minutes you can be on your way to the vibrant city of Los Angeles.
Previously $27400000sale Under Section 363 Of The Us Bankruptcy Code
Note: Fri, Dec 20, 2019 This Multifamily Property is no longer advertised on LoopNet.com. The MHPHOA are currently researching a confirmation of sale.
Thu, Nov 14, 2019
The Trustee has entered into an Agreement whereby he intends to sell the Property for $15 million to 5450 Paramount LLC , a California limited liability company , or an assignee of the Buyer free and clear of all claims, liens, and encumbrances, including claims against the Debtor as expressly provided in the Agreement. In furtherance of the sale, the Trustee files this instant Motion to approve certain bid procedures that the Trustee believes will facilitate an orderly auction. The Trustee requests that the Court grant the Motion.Trustees Motion for Order Approving Overbid Procedures
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Force 10 Partners Secures $11m Buyer For Friendly Village Mhp
Mon, Mar 1, 2021
Creating a new chapter in the complicated history of Friendly Village MHP Associates, L.P., Force 10 Partners served as court-appointed financial advisors to secure a stalking horse bid and purchaser of the property, resulting in an $11 million transaction.
To attract the highest bidder, Force 10 communicated with more than 200 potential purchasers/bidders and managed a complex due diligence process for the sale, which entailed financial, real property, engineering, and geotechnical material.
ACI Friendly Village, a newly formed California nonprofit public benefit corporation, won with a $11 million bid. ACI Friendly Village was created by Affordable Communities, Inc. and affiliated companies, which acquire and manage mobile home parks to preserve affordable housing. ACIs principal, Maurice Priest, told the court that he intends to manage, operate, and maintain the property, so that families can continue to live there and not lose the investment they have made in their homes.
After tenants sued Friendly Village MHP, it filed for Chapter 7 bankruptcy protection in October 2018. A $56.4 million settlement in November 2019 resolved the lawsuit. Together with other proceeds, the sale will fund the settlement.
Unmatched Affordability In A Friendly Lifestyle Community
Come enjoy a lifestyle youve always dreamed about in this all age community. Visit with friends and family in our spacious clubhouse, or take a swim in our Olympic size pool. A variety of recreational opportunities such as golf courses, historical sites and campgrounds abound in the area surrounding Summerfields Friendly Village. Historic Center City Philadelphia and Atlantic City are only a short drive away, as are both boating and fishing along the famous New Jersey inland waterway.
If this is the kind of lifestyle youve always dreamed of, come say hello and youll never want to leave!
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Residents Of Friendly Village Mobile Home Park Win $57mm Settlement
Wed, Nov 20, 2019
The owners of a mobile home park that is sinking due to its location on a former landfill have agreed to pay roughly $50 million to 151 families who sued over the conditions, an attorney representing the residents announced today. He made the announcement after a judge approved the settlement earlier this week.
As part of the agreement, residents in the park on Paramount Boulevard will also share in a portion of the proceeds from the sale of Friendly Village Mobile Park after the owners declared bankruptcy. The sale is expected to generate an additional $7 million to be divided among the residents, even those who were not part of the lawsuit that culminated in a civil trial and jury verdict a year ago.
Phil Woog, an attorney for the parkâs owners Friendly Village MHP Associates, Sierra Corporate Management and Kort & Scott Financial Group declined to comment in a brief phone interview.
Kabateck and his partner, Gary Fields, said the settlement will be divided among residents based on their individual conditions. None of the residents will get rich, he said but he said hopes it will be enough to help them find a new home.Estimated Awards: $57,000,000 $25,650,000 = $31,350,000 ÷ 151 families = $207,616 per family, but only if it were divided equally which is NOT how it will work. This calculation is only provided as an example and does not reflect the actual individual settlements to be awarded to the 151 families.
Welcome To Your Next Home
Friendly Village is set in a wooded grove of hardwood and evergreen trees in the Town of Gorham, Maine. We are a short drive from Portland and conveniently located on Hodgdon Road off Route 22. Lots are fronted by paved and lighted streets, many of which are quiet cul-de-sacs. A professional, on-site management team keeps the Village in A-1 shape.
Friendly Village residents enjoy . . .
- An attractive landscaped lot, paved streets & drives
- Water & Sewer, snow removal
- Professional on-site management service and maintenance staff
- Fully lighted streets
- Spacious clubhouse, swimming pool and playground
- Excellent Water Supply
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Friendly Village Mobile Home Park Arlington Tx Real Estate & Homes For Sale
There are 9508 active homes for sale in Friendly Village Mobile Home Park, Arlington, TX. Some of the hottest neighborhoods near Friendly Village Mobile Home Park, Arlington, TX are North Arlington, Las Colinas, Southwest Colleyville, Southeast Colleyville, Central Colleyville. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 76006, 75052, or three bedroom homes for sale in neighboring cities, such as Arlington, Irving, Grand Prairie, North Richland Hills, Cedar Hill.
Kbk Attorneys Recover Landmark $564 Million Settlement
Fri, Nov 22, 2019
Kabateck LLP attorneys representing hundreds of low-income mobile home residents in Long Beach, CA secured a nearly $57 million settlement, which is the largest settlement ever involving a mobile home park.
350 residents of Friendly Village Mobile Home Park who live in squalor will receive monetary compensation from the owners of the park, who failed to address serious maintenance problems, ignored complaints and hiked up the rent.
A bankruptcy judge approved a $42.5 million settlement for 151 families who filed lawsuits against the defendants, Michael Scott and Lee Kort. Those plaintiffs obtained $6.9 million paid from prior settlements.
As part of the settlement agreement, the mobile home park will be sold and a substantial portion of the proceeds of that sale, at least $7 million, will be divided between many of the residents, even those who are not part of the litigation.
This landmark agreement resolves litigation that found the owners negligent of unfair business practices, retaliatory eviction and financial elder abuse.
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Long Beach Residents Of Sinking Mobile Home Park Win More Than $50 Million In Settlement
Owners of a Long Beach mobile home park that is sinking agreed to pay more than $50 million to residents who sued over deplorable conditions.
LONG BEACH, Calif. — More than a hundred families living in a Long Beach mobile home park that is sinking won a major legal battle Wednesday.
The owners of the mobile home park agreed to pay more than $50 million to those families who sued over the deplorable conditions.
Sharlynn Galvan has lived in her home at the Friendly Village Mobile Home Park for 26 years, but she said the last several years have been a nightmare.
“It’s been a disaster and I just try to ease myself with my friends and my caretaker,” said Galvan.
Residents, many of the older and low income, have dealt with infestation of rats and mice.
Shifting land beneath the units built on a former landfill has caused problems, including sewage backups and flooding.
Residents say their complaints were ignored and instead of making repairs, they say management increased rents about 50%. They sued the owners and won.
“These people paid their money on time and got nothing in return except the park that went from bad to worse,” said attorney Brian Kabateck.
Attorneys announced a $57 million settlement that will benefit 151 families who filed lawsuits.
“Now I can move on with my family and don’t have to live in this crisis anymore,” said Leonard Camrena, the president of the Homeowner’s Association.
Apartments For Rent In Friendly Village Mobile Home Park Tx
There are 215 active apartments for rent in Friendly Village Mobile Home Park. Some of the nearby neighborhoods near Friendly Village Mobile Home Park are North Arlington, Las Colinas, Southwest Colleyville, and Southeast Colleyville. You may also be interested in apartments that are for rent in the nearby ZIP codes of 76006, 75052, or in neighboring cities, such as Arlington, Irving, Grand Prairie, or North Richland Hills.
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